Dallas Morning News: Dallas’ Highland Capital Just Bought Plano’s Huge Former EDS HQ
Dallas Investment Firm Highland Capital Buys One of Plano’s biggest Business Campuses
Deed records show the 1.6 million-square-foot former Electronic Data Systems office complex has been purchased by Dallas’ Highland Capital Management. Opened in 1992, the sprawling complex is just east of the Dallas North Tollway on Legacy Drive. The property — owned since 2008 by Hewlett Packard and, most recently, DXC Technology — has been up for sale since this summer. It was expected to bring close to $125 million at sale. Commercial property firm CBRE marketed the property, and CBRE senior vice president John Alvarado confirmed the deal has closed.
The former EDS complex has two eight-story buildings connected by an upper-level bridge of office space. The unique office complex was the brainchild of EDS founder H. Ross Perot Sr., who built the surrounding Legacy business park and relocated his company to Plano from North Dallas. Highland Capital and its affiliates manage about $3.5 billion of real estate assets in the U.S., consisting of office, multifamily, hospitality, self-storage and retail properties. The firm has more than $1 billion of real estate assets in Texas. For the full article, visit https://www.dallasnews.com/business/real-estate/2018/12/19/dallas-highland-capital-buys-planos-huge-former-eds-hq